Monetary Financial Institutions (MFIs) Deposits and Loans Statistics

Tuesday, 28 February 2017

The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of January 2017, which are included in the February 2017 edition of Monetary and Financial Statistics.

Total deposits in January 2017 recorded a net increase of €148,8 million, compared with a net decrease of €74,9 million in December 2016. The annual growth rate stood at 6,0%, compared with 6,2% in December 2016. The outstanding amount of deposits reached €49,0 billion in January 2017.

Total loans in January 2017 exhibited a net decrease of €86,4 million, compared with a net decrease of €98,0 million in December 2016. The annual growth rate stood at -6,6%, compared with -11,0% in December 2016. Τhe outstanding amount of loans reached €54,9 billion in January 2017.

The Central Bank of Cyprus (CBC) was established in 1963, shortly after Cyprus gained its independence, in accordance with the Central Bank of Cyprus Law, 1963 and the relevant articles of the Constitution. Today the CBC is governed by the Central Bank of Cyprus Law, 2002 as amended (hereafter “the CBC Law”).